lake tahoe real estate market report mid-year 2017 · lake tahoe real estate market report mid-year...
TRANSCRIPT
Lake Tahoe Real Estate
Market Report
Mid-Year 2017
Market Analysis Includes:
• Median Home Price and Units Sold Data • Year Over Year Trending • Reporting by Region
• Tahoe Sierra MLS, CA • North & West Shores, CA • Incline Village & Crystal Bay, NV • Lakefronts, CA & NV • Truckee, CA
Prepared by Bill Dietz, President
[email protected], 530.584.3454, CA BRE #01431063 | NV RED #B0027100
Source:TahoeSierraMLSandInclineVillageMLS
Tahoe Sierra MLS Market Report: Mid-Year 2017
Single-FamilyHomesinCaliforniaonLakeTahoe’sNorthandWestshoresandinTruckee,DonnerLake,Northstar,OlympicValley,andAlpineMeadows
January through June Year-Over-Year
PointsofInterest:
• Unitssolddecreases16%year-over-year• Medianpriceincreases8%year-over-year• Numberofhomessoldforover$2milliondecreasesby45%
313 310
261
239
345362
438464
390
402
470
395$769K
$670K$635K
$550K
$495K$440K
$416K
$485K
$579K
$550K
$620K$670K
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
$900,000
0
50
100
150
200
250
300
350
400
450
500
Units Sold
Median Price
North & West Shores, CA Market Report: Q2 2017
Single-FamilyHomesintheLakeTahoeBasininCaliforniaincludingTahoe’sNorthandWestShores,aswellasAlpineMeadowsandSquawValley
January through June Year-Over-Year
PointsofInterest:
• Unitssolddecreases15%thesameyear-over-year• Medianpriceincreases16%year-over-year• 6of128homessoldforover$2million
111
75
6859
101106
145137
126
152 151
128
$825K
$713K
$653K$575K
$461K
$480K
$380K$442K
$534K$569K
$595K
$690K
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
$900,000
0
20
40
60
80
100
120
140
160
Units Sold
Median Price
Incline Village & Crystal Bay, NV Market Report: Mid-Year 2017
Single-FamilyHomesinInclineVillageandCrystalBay,Nevada
January through June Year-Over-Year
PointsofInterest:
• Unitssoldincreasesby7%year-over-year• Medianpriceincreasesby13%year-over-year• Onlymarketinthisreportwithanincreaseinsalesvolume• Numberofhomessoldover$2millionincreases111%(9to19)
60
73
45
36
46
44
61
111
65
57
73
78$1.058M
$1.2M
$1.1M
$988K
$795K
$813K
$780K
$1.064M$1.025M
$895K
$985K
$1.114M
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
0
20
40
60
80
100
120
Units Sold
Median Price
Lakefronts Market Report: Mid-Year 2017
Single-FamilyHomesandEstateslocatedonCalifornia’sNorthandWestShores(toRubiconBay)andinNevada’sInclineVillageandCrystalBay
January through June Year-Over-Year
PointsofInterest:
• Unitssoldincreases25%year-over-year• Medianpriceincreases98%priceyear-over-year• All10lakefrontssoldforover$2million• Awordofcaution,medianpricedoesnotdirectlycorrelatetomarket
appreciation/depreciation,andsmallsamplesizecanheavilyinfluenceresultantdata
16
9
5 5
9 9
8
15 15
12
8
10
$4.125M
$4.975M
$3.8M
$2.5M
$3.995M
$2.975M
$3.475M
$4.6M
$3.548M
$4.55M
$4.388M
$8.675M
$0
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
$7,000,000
$8,000,000
$9,000,000
$10,000,000
0
2
4
6
8
10
12
14
16
18
1st Half 2006
1st Half 2007
1st Half 2008
1st Half 2009
1st Half 2010
1st Half 2011
1st Half 2012
1st Half 2013
1st Half 2014
1st Half 2015
1st Half 2016
1st Half 2017
Units Sold
Median Price
Truckee, CA Market Report: Mid-Year 2017
Single-FamilyHomesinTruckeeincludingDowntownTruckee,Glenshire,Prosser,TahoeDonner,DonnerLake,DonnerSummit,SierraMeadows,OldGreenwood,Northstar,MartisCamp,&Lahontan
January through June Year-Over-Year
PointsofInterest:
• Unitssolddecreases16%year-over-year• Medianpriceincreases7%year-over-year• Numberofhomessoldover$2milliondecreasesby38%
188
224
182172
230 240
278
312
249
250
319
267
$725K
$628K$615K
$525K$490K
$435K $423K
$489K
$578K
$540K
$620K
$665K
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
0
50
100
150
200
250
300
350
Units Sold
Median Price
About Tahoe Luxury Properties
TahoeLuxuryPropertiesisafull-servicerealestatecompanyspecializinginluxuryrealestatesalesandpremiervacationrentalsintheLakeTahoeregion.Since2006,BillDietzhassoldover$498millioninresidentialrealestateinCaliforniaandNevada,including40lakefronthomes.Theseresultsreflectourcommitmenttoourclients.
TahoeLuxuryPropertiesisbestpositionedtomarketandsellpremierrealestatethroughoutLakeTahoeanditsspectacularsurroundingcommunities.WhetheryouarelookingforaTahoefamilyvacationhometoenjoyforgenerationsorforaninvestmentpropertythatwillprovideasoundreturn,TahoeLuxuryPropertiesbrokersandagentswillhelpyoucomprehensivelyunderstandtherealestate
dynamicintheregion.WhetheryouarereadytobuyorsimplyinitiallyexploringtheoptionsinLakeTahoerealestate,letusshowyouTahoeLuxuryProperties.
Formoreinformation,pleasecontactusat1.800.581.8828orvisitTLUXP.com.